Meaning and Role of Prototyping in Entropic and Extreme Business Environment in Georgia


  • M. Kldiashvili Georgian Technical University
  • D. Paresashvili Georgian Technical University
Keywords: prototype; Entropy; Extreme Management; Georgia; business culture; MVP

Abstract

For a couple of years, the term entropy is gaining popularity as a term to cover the various dimensions of fast and rapidly developing, ‘uncontrollable’ business environment. The more complex and volatile an industry is – the higher is the level of entropy, that means - the harder to predict and therefore more uncertain will be process of new project or product implementation. In simple words, entropy as a measure of uncertainty or randomness, is permanently growing in nowadays business environment. In common use, A prototype is an early sample, model, or release of a product built to test a concept or process or to act as a thing to be replicated or learned from.  Technique of prototyping becomes more efficient if analyzing of prototype occurs together with the potential consumer. Based on received feedback, or analyzing customer experience, lessons learned, company makes decision how to develop the product on the next phase. In Georgia, use of prototypes started with development of projects related to Information Systems. But later it was successfully applied to product development and Business model development, especially for startups and small entrepreneurs.

References

Osterwalder, Alexander, and Yves Pigneur, Business Model Generation: A Handbook For Visionaries, Game Changers, And Challengers. Wiley, 2010; p. 20 – 53, 132 - 176
A Guide to the Business Analysis Body of Knowledge, Book by International Institute of Business Analysis. (2016) p. 22-167
Pichler, Roman, Agile product management with Scrum, (2010); p. 47-68, 75-90
Daniel Bell, The Coming of Post-Industrial Society: A Venture in Social Forecasting, (1973); p.20 - 67
Grigolashvili, G. (2017). International Management: Globalization, Strategy, Culture. GTU Tbilisi, p. 52-65, 72-84

Abstract views: 19
PDF Downloads: 35
Published
2019-02-28
How to Cite
Kldiashvili, M., & Paresashvili, D. (2019). Meaning and Role of Prototyping in Entropic and Extreme Business Environment in Georgia. Fundamental and Applied Researches in Practice of Leading Scientific Schools, 31(1), 89-92. https://doi.org/https://doi.org/10.33531/farplss.2019.1.19